PNC (PNC) director Dachille adds phantom and deferred stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dachille Douglas A. reported acquisition or exercise transactions in this Form 4 filing.
PNC Financial Services Group director Douglas A. Dachille reported compensation-related equity units, not open-market trades. He received a grant of 51 phantom stock units tied to PNC common stock at a reference value of $251.62 per unit under a deferred compensation plan.
Following this award, he holds 274 phantom stock units indirectly in the Deferred Compensation Plan, which will be settled in cash, and 2,089 deferred stock units directly under the Directors Deferred Stock Unit Program. Each deferred stock unit represents the right to receive one share of PNC common stock (or, in limited cases, cash) at retirement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Dachille Douglas A.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Stock Unit | 51 | $251.62 | $13K |
| holding | Deferred Stock Unit | -- | -- | -- |
Holdings After Transaction:
Phantom Stock Unit — 274 shares (Indirect, Deferred Compensation Plan);
Deferred Stock Unit — 2,089 shares (Direct, null)
Footnotes (1)
- One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc. ("PNC") common stock. Phantom stock units will be settled in cash upon distribution to the reporting person and generally do not expire. Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4. Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan. Each DSU represents the right to receive at retirement one share of PNC common stock, or in limited circumstances cash equal to the fair market value of one share of PNC common stock on the payment determination date, pursuant to the terms of the Program. Includes DSUs acquired by the reporting person as dividend equivalents under the Program in transactions exempt from reporting that occurred after the date of the reporting person's most recent filing on Form 4.
Key Figures
Phantom stock units granted: 51 units
Phantom unit reference price: $251.62 per unit
Phantom units after grant: 274 units
+2 more
5 metrics
Phantom stock units granted
51 units
Grant under Deferred Compensation Plan on 2026-07-01
Phantom unit reference price
$251.62 per unit
Grant valuation for phantom stock units
Phantom units after grant
274 units
Total phantom stock units in Deferred Compensation Plan after transaction
Deferred stock units outstanding
2,089 units
Deferred stock units representing future right to PNC common shares
Exercise/conversion price
$0.00
Deferred and phantom units have a zero exercise price
Key Terms
Deferred Stock Unit, Phantom Stock Unit, Deferred Compensation Plan, Directors Deferred Stock Unit Program
4 terms
Deferred Stock Unit financial
"Deferred stock units ("DSUs") granted pursuant to the PNC Directors Deferred Stock Unit Program"
A deferred stock unit (DSU) is a promise from a company to give an employee or director the value of a share at a future date, paid in actual shares or cash when certain conditions are met (such as retirement or a set date). Think of it like a gift card that converts to company stock later; it aligns pay with long‑term performance and can affect future share count, compensation expense and potential cash needs, so investors watch DSUs for their impact on dilution and company finances.
Phantom Stock Unit financial
"One phantom stock unit is the economic equivalent of one share of The PNC Financial Services Group, Inc."
Deferred Compensation Plan financial
"Includes phantom stock units acquired by the reporting person as dividend equivalents under the PNC Deferred Compensation Plan"
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
Directors Deferred Stock Unit Program financial
"granted pursuant to the PNC Directors Deferred Stock Unit Program (the "Program") under PNC's equity incentive plan"
FAQ
What insider transactions did PNC (PNC) director Douglas Dachille report?
Douglas Dachille reported a compensation-related grant of phantom stock units and updated deferred stock holdings. He received 51 phantom stock units and now holds 274 phantom units in a deferred plan plus 2,089 deferred stock units that will convert into PNC common stock at retirement.
Did Douglas Dachille buy or sell PNC (PNC) common stock in the open market?
The filing does not show any open-market buying or selling of PNC common stock. It reflects a grant of 51 phantom stock units and existing deferred stock units, all issued through company plans rather than market trades, so they are compensation-related awards and holdings.
What are the key numbers in Douglas Dachille’s latest PNC (PNC) Form 4?
The Form 4 shows 51 phantom stock units granted at $251.62 per unit. After this grant, Dachille holds 274 phantom stock units in the Deferred Compensation Plan and 2,089 deferred stock units, each linked economically to one share of PNC common stock at retirement.
How do PNC (PNC) phantom stock units work for Douglas Dachille?
Each phantom stock unit is economically equivalent to one PNC common share. These units are held in a Deferred Compensation Plan and will be settled in cash when distributed to Dachille, rather than delivering actual shares, and they generally do not expire according to the plan terms.
What are PNC (PNC) deferred stock units reported by Douglas Dachille?
Deferred stock units represent a right to receive PNC common stock at retirement. Under the Directors Deferred Stock Unit Program, each deferred stock unit entitles Dachille to one share of PNC common stock or, in limited cases, cash equal to its fair market value at the payment determination date.
Are PNC (PNC) dividend equivalents included in Douglas Dachille’s reported units?
Yes, the reported phantom and deferred stock unit balances include dividend equivalents. Footnotes explain that additional units were acquired as dividend equivalents under the Deferred Compensation Plan and the Directors Deferred Stock Unit Program in transactions exempt from separate reporting since the prior Form 4.